Venture Capital Fund-Raising Nosedives

By

Keenan Skelly

Apr 3, 2009 10:13 am ET

While entrepreneurs find it tough to secure capital for their start-ups, venture capital firms are having trouble with their own investors. According to the database of Private Equity Analyst, 23 venture capital funds raised $2.4 billion in the first quarter, a 64% drop from the $6.7 billion raised by 57 funds a year ago.